CHICAGO TRUST Co NA Increases Position in Netflix, Inc. (NASDAQ:NFLX)

CHICAGO TRUST Co NA grew its stake in Netflix, Inc. (NASDAQ:NFLX) by 6.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,063 shares of the Internet television network’s stock after acquiring an additional 60 shares during the quarter. CHICAGO TRUST Co NA’s holdings in Netflix were worth $947,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. International Assets Investment Management LLC lifted its holdings in shares of Netflix by 116,620.0% during the 3rd quarter. International Assets Investment Management LLC now owns 5,753,129 shares of the Internet television network’s stock valued at $4,080,522,000 after buying an additional 5,748,200 shares during the period. Assenagon Asset Management S.A. boosted its holdings in shares of Netflix by 154.7% in the third quarter. Assenagon Asset Management S.A. now owns 1,058,431 shares of the Internet television network’s stock worth $750,713,000 after buying an additional 642,920 shares during the last quarter. State Street Corp increased its holdings in Netflix by 2.6% during the third quarter. State Street Corp now owns 16,951,347 shares of the Internet television network’s stock valued at $12,023,082,000 after buying an additional 426,740 shares during the last quarter. Jennison Associates LLC boosted its stake in shares of Netflix by 4.7% during the 3rd quarter. Jennison Associates LLC now owns 6,990,874 shares of the Internet television network’s stock worth $4,958,417,000 after acquiring an additional 316,594 shares during the last quarter. Finally, Westfield Capital Management Co. LP bought a new stake in shares of Netflix during the 3rd quarter valued at $222,871,000. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix Stock Down 0.5 %

Shares of NASDAQ:NFLX traded down $3.93 during mid-day trading on Monday, reaching $833.76. 1,218,859 shares of the stock were exchanged, compared to its average volume of 2,813,751. The company has a market cap of $356.40 billion, a P/E ratio of 47.19, a P/E/G ratio of 1.77 and a beta of 1.27. Netflix, Inc. has a one year low of $475.26 and a one year high of $941.75. The stock’s 50 day simple moving average is $878.06 and its 200-day simple moving average is $753.78. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, beating analysts’ consensus estimates of $5.09 by $0.31. The company had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.77 billion. Netflix had a net margin of 20.70% and a return on equity of 35.86%. As a group, equities research analysts predict that Netflix, Inc. will post 19.78 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on NFLX shares. Morgan Stanley upped their target price on shares of Netflix from $820.00 to $830.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Needham & Company LLC boosted their price target on shares of Netflix from $700.00 to $800.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Evercore ISI lifted their price objective on shares of Netflix from $775.00 to $950.00 and gave the stock an “outperform” rating in a research note on Monday, December 2nd. Sanford C. Bernstein boosted their price objective on Netflix from $625.00 to $780.00 and gave the stock a “market perform” rating in a research note on Friday, October 18th. Finally, Barclays reissued an “underweight” rating and issued a $550.00 target price on shares of Netflix in a research note on Friday, October 18th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-four have assigned a buy rating to the company. According to MarketBeat, Netflix currently has a consensus rating of “Moderate Buy” and an average target price of $827.79.

Insider Activity

In related news, Chairman Reed Hastings sold 48,363 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $896.60, for a total value of $43,362,265.80. Following the transaction, the chairman now owns 114 shares of the company’s stock, valued at approximately $102,212.40. This trade represents a 99.76 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Timothy M. Haley sold 11,090 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $757.96, for a total value of $8,405,776.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 156,742 shares of company stock worth $131,030,268. Corporate insiders own 1.76% of the company’s stock.

Netflix Company Profile

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and games across various genres and languages. The company also provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, TV set-top boxes, and mobile devices.